This week's 'Money in a Minute' gives you the lowdown on the best new launches in the savings and mortgage market.
The products featured have been handpicked by the impartial research team here at Moneyfacts.co.uk, so you can be sure they are all up there with the best deals in their respective fields.
To make sure you fully understand the products, we outline the technical details behind the plans before giving you our invaluable and insightful analysis.
Danske Bank has reviewed its three-year fixed rate bond now paying 3.50% on maturity. Savers can invest from £5,000. No further additions are permitted, although early access is allowed subject to an interest penalty and a £10 administration fee. This account is available to savers aged 16 and over and can be operated by branch, post, telephone and online.
This fixed rate review from Danske Bank sees it going against the market trend with a healthy rate increase to its three-year fixed term account. Now paying 3.50% this rate is now highly competitive and sits comfortably at the top of the three-year bond market.
Governor Money has launched a new Hinckley & Rugby Building Society one-year fixed rate ISA paying 2.25% on maturity. Savers can invest from £100. No further additions are permitted; however, early access is allowed on closure subject to a breakage fee. Transfers in are also accepted. This account is available to savers aged 18 and over and can be operated online only
This new one-year fixed rate ISA offers a reasonable rate of 2.25% particularly when many savings rates are falling. However, savers will achieve a rate of 0.50% until mid December. Those looking for a short-term tax free investment should find this deal particularly attractive.
Our team of independent experts have chosen a selection of all the Best Buy savings accounts that you can apply for online today.
Santander has introduced a new three-year variable tracker rate priced at 4.79% to its range. This deal is available to first-time buyers only who borrow between £6,000 and £300,000 at 90% loan-to-value. No fee is payable and an incentive of free valuation up to a maximum of £1190 and £250 rebate is available. This deal has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance.
This new three-year variable tracker rate priced at 4.79% from Santander is a unique deal as it is the only product in its sector. With no arrangement fee, free valuation and £250 rebate this deal is sure to prove popular for those who are looking to keep initial costs down.
Leeds Building Society has amended selected fixed rates across its range, including the two-year fixed rate mortgage at 2.54% to 31.1.15. This deal is available to all borrowers who borrow a minimum of £5,000, whilst those remortgaging have a minimum advance of £25,001 at 75% loan-to-value. A fee of £999 is payable. This deal also has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance. Borrowers must take out buildings and contents insurance with Leeds Building Society when applying for this mortgage.
The reductions to Leeds Building Society's range see the two- year fixed rate available at a low 2.54%. This rate is highly competitive particularly at 75% loan-to-value and sits comfortably at the top of its sector. Borrowers should be aware that to achieve this rate, buildings and contents insurance needs to be taken with the same lender.
The Co-operative Bank has reduced selected rates in its range including its ten-year fixed rate mortgage now priced at 4.49% to 28.2.23. This deal is available to all borrowers who borrow from £25,000 at 75% loan-to-value. A fee of £999 is payable and the product includes an incentive package for remortgage customers of a free valuation and free legal fees. This deal also has the added flexibility of being able to make overpayments up to a maximum of 10% of the outstanding balance and take payment holidays.
The Co-operative Bank has reduced its ten-year fixed rate by 0.50% to 4.49% to 28.2.23. This is a highly competitive rate and is currently the market leader at 75% loan-to-value. For those looking to fix for a longer period, this deal offers a reasonable fee of £999 and those remortgaging can enjoy free valuation and legal fees.
Find the best mortgage deals with our whole of market search & independent best buy tables to help you compare the best mortgage rates available.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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